Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.
The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON March 1, 1957
Full News Archive
- Headline: Loan Shark Operation Exposed in 1957. Impact: The seizure of goods in this case led to a massive crackdown on loan sharks, which inadvertently inspired a generation of 'creative financing' enthusiasts who turned to pyramid schemes instead. Who needs loans when you can just recruit your friends to sell essential oils?. Fact: Did you know that loan sharks often use the phrase 'Weβre just here to help!'? Clearly, they missed the memo on customer service..
- Headline: Presidential Launch of Red Cross Fund Drive. Impact: This Red Cross appeal sparked the birth of many charitable organizations that decided to compete by offering free hugs with every donation. Now, you can save a life and feel awkward at the same time!. Fact: Fun fact: The Red Cross was founded in 1863, and yet somehow they still have to remind us to be 'good neighbors.'.
- Headline: New York State Wins Lake George Regulation Rights. Impact: This court ruling allowed the state to control Lake Georgeβs water levels, which led to a series of increasingly ridiculous disputes over who could throw the best lakeside barbecue. Spoiler alert: it was never about the water.. Fact: Lake George has been a hot spot for disputes since 1942, proving that even nature canβt escape the bureaucratic nightmare of human conflict..
- Headline: ALBANESE AND POGGI HEARD IN 'LA BOHEME'. Impact: The performance of 'La Boheme' became a cultural phenomenon that inspired countless artists, leading to the creation of hipster cafΓ©s everywhere. Now, you can sip your overpriced coffee while contemplating the tragic lives of Parisian bohemians.. Fact: 'La Boheme' is so popular that if you don't know a single aria, you're basically just not trying hard enough at being cultured..
- Headline: TEAMSTER CHIEF SOLD OUT AIDES, WITNESS CHARGES; Brewster, Coast Official, Got $10,000 in Pinball Deal, Gambler Testifies SAY'S HIS RIVAL PAID FEE Cafe Owner Tells of Being Picketed Because He Used the Wrong Machines. Impact: The testimony of the Teamster chief led to an increase in the popularity of pinball, transforming it from a gambling device to an arcade staple. This shift ultimately contributed to the rise of competitive gaming, which now involves more neon lights than an 80s disco.. Fact: Pinball was once banned in many cities, as officials believed it was a gateway to more serious gambling. Because obviously, flipping a metal ball around is far more dangerous than, say, a game of Monopoly..
- Headline: GENE BUCK'S RIDES ATTENDED BY 500; Ex-President Hoover Leads Mourners at St. Patrick's for ASCAP Leader. Impact: Gene Buck's funeral drew a crowd, showing that even in death, one can still unite people. This event inspired a trend of extravagant funerals where the deceased became posthumous celebrities. Get ready for more 'celebrity' funerals than actual Hollywood awards shows.. Fact: Ex-President Hoover leading the mourners is a reminder that sometimes, the most famous people show up at the most unexpected momentsβlike your high school reunion..
- Headline: TWO HOMES SEEN FOR U.S. FAMILIES; Official Predicts Four-Day Week Will Spur Second Houses for Many. Impact: The prediction of two homes for families led to the rise of 'weekend homes,' causing a traffic jam epidemic on Fridays that still haunts the roads today. Thanks, Deputy Comr Downe, for our endless hours in the car!. Fact: The concept of a two-house family is just another way of saying 'we can't stand each other during the week.'.
- Headline: EISENHOWER SAYS COUGH IS IN LUNGS. Impact: Eisenhower's cough became a symbol of the era, leading to an explosion of unsolicited health advice that still plagues social media today. Everyone suddenly became a doctor overnight, armed with nothing but their lunch breaks and Google.. Fact: The last time a president coughed publicly, the stock market took a dive. Maybe we should start investing in cough drops?.
- Headline: U.S. SEEKS AN END TO POSTAL SAVING; Summerfield Tells House Unit System 'No Longer Meets Today's Social Habits' TREASURY BACKS APPEAL Controller General Also Asks Approval of Bill Aimed at Liquidating Plan. Impact: The push to end postal savings led to a decline in the romanticism surrounding mailing letters, ultimately resulting in a society that now sends more memes than heartfelt notes. Thanks, Summerfield, for ruining the art of letter writing!. Fact: Postal savings were popular because people thought, 'Why save in a bank when I can do it at the post office?' Because nothing screams financial security like stamps..
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1957, it would be worth $3,433,941 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1957, it would be worth $586,657 today (586.7x return)
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1957, it would be worth $23,651,363 today (23651.4x return)